Rates were up across the board in the past week, with 30-year fixed rates approaching the 4.0% mark. For the week ending October 26, Freddie Mac announced that 30-year fixed rates rose to 3.94% from 3.88% the week before. The average for 15-year loans rose as well, to 3.25%. The average for five-year adjustables increased to 3.21%. A year ago, 30-year fixed rates averaged 3.47%. Attributed to Sean Becketti, chief economist, Freddie Mac — “The 10-year Treasury yield surged this week, jumping 12 basis points. The 30-year fixed rate followed suit, increasing 6 basis points to 3.94 percent. Today’s survey rate is the highest rate in three months.”

Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

This entry was posted
on Tuesday, October 31st, 2017 at 1:53 pm
and is filed under Uncategorized.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.